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XCONOMY: AMAZON, GOOGLE, FACEBOOK BOOSTED 2018 TECH HIRING SPREE IN U.S. HUBS
Excerpt from an article by Jeff Engel featuring John Barrett, Partner, ON Partners.
February 27, 2019 | Xconomy.com
A tech hiring slowdown in 2018 in America’s three largest innovation hubs would not have surprised John Barrett, given global economic uncertainty stemming from factors such as trade disputes, slower economic growth in China and Europe, and the UK’s looming exit from the EU.
Instead, the pace of tech hiring in the San Francisco Bay Area, New York, and Boston remained “pleasantly, surprisingly strong” last year, according to the latest quarterly analysis by Barrett, a Boston-area partner with executive recruiting firm ON Partners.
“We do see more [hiring] caution outside of tech, in the other sectors we recruit in,” which include manufacturing, life sciences, and private equity, Barrett says. “Inside tech, it’s not irrational exuberance. It’s not extreme enthusiasm. But it’s certainly equally strong [hiring compared] to the past couple of prior years.”
The Digital Jobs Index spearheaded by Barrett tracks quarterly headcount growth among the leading 100 software companies—primarily in consumer Web, small business software, advertising and marketing tech, and payments—in each of the three metropolitan areas. The report also tracks the percentage of those top-100 companies that increased their local headcount during the quarter. The criteria for inclusion in the analysis include a company’s number of local employees, employment growth, and a subjective assessment of its importance to the local tech cluster, ON Partners says.
Read the full article here: Xconomy.com
Resources: Q4 2018 Digital Jobs Index
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Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists eight times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
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